How Big Is the Engineering Services Market | Trends & Growth Analysis 2031

Q: What is driving the growth of the engineering services market?

The market is expanding due to infrastructure development, smart manufacturing trends, and the need for cost-effective outsourced design and prototyping.

Q: Which industries are major consumers of engineering services?

Key sectors include transportation, energy, construction, automotive, aerospace, and information technology.

Q: How is digitalization influencing the engineering services market?

Digital engineering tools and AI integration are reshaping how services are delivered, improving speed, accuracy, and customization.

Q: What will the engineering services market be worth by 2031?

The engineering services market is expected to reach USD 562.8 Billion by 2031

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA6382

Publication Date: Jul 2025

How Big Is the Engineering Services Market?

According to 6Wresearch internal database and industry insights, the Global Engineering Services Market was valued at USD 400.2 Billion in 2024 and is expected to reach USD 562.8 Billion by 2031, growing at a compound annual growth rate of 5.90% during the forecast period (2025-2031).

This expansion is fueled by increasing investments in infrastructure modernization, smart city development, growing demand for product engineering and digital transformation, and the integration of technologies such as AI, IoT, and digital twins into engineering workflows.

View Main Report

Schedule Analyst Call

Growth Factors of the Engineering Services Market

Acceleration of industrial automation and digital engineering adoption.
Significant infrastructure spending across emerging and developed nations.
Outsourcing trend among OEMs and industrial players for cost efficiency.
Expansion in sectors like aerospace, automotive, and energy.
Government-backed renewable energy projects boosting engineering demand.
Shift toward sustainable construction and environment-friendly engineering designs.

Engineering Services Market Trends

Engineering Services Market is witnessing rising demand for engineering process outsourcing (EPO), integrated digital engineering platforms, and cross-domain expertise. Companies are shifting toward cloud-based design tools, AI-powered simulations, and smart infrastructure solutions. There is also a notable increase in collaborative engineering models using real-time project data and virtual twins.

Emerging Developments in Engineering Services Market

Engineering Services Industry is witnessing transformative advancements driven by digitalization, with firms increasingly leveraging cloud-native platforms, AI-powered design tools, and digital twins to enhance design accuracy, reduce costs, and accelerate project delivery.

Generative design using AI to explore optimal structural and component configurations is being widely adopted in automotive and aerospace engineering. Simultaneously, augmented reality (AR) and virtual reality (VR) are finding practical use in virtual prototyping, remote collaboration, and site inspections, enabling engineers to interact with real-time project data in immersive environments.